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Ecuador’s annual inflation rate hit a 20-month high in January 2026, driven almost entirely by a 20.79% spike in housing and utility costs after the government ended electricity and diesel subsidies. Food prices are rising too — plantains have roughly doubled, and the basic family basket now costs $822 a month.
Fresh figures from INEC show that Cuenca's registered foreign resident population has climbed to 28,000 -- a 15% year-over-year increase that cements the highland city's status as Ecuador's top expat destination.